Roy Banks, former CEO of Accelerated Payment Technologies, Inc. and President of Authorize.Net, has been appointed to the G2 Web Services Board of Directors to help guide the strategic growth of the company.
BELLEVUE, WA, September 25, 2013 – G2 Web Services, a leading global provider of payment risk management services, today announced that Roy Banks has been appointed as the newest member of the G2 Board of Directors. As an experienced payments industry executive with a history of successful executive leadership and management, Banks will be a key advisor for G2 Web Services.
Banks has over 20 years of public and private corporate leadership, most recently as CEO of Accelerated Payment Technologies, Inc., which provides payment technology solutions to the retail software and payment processing industries. During his tenure, the company’s net revenues grew significantly over a four-year period, culminating in the sale of the company for $413 million, one of the largest technology company sales in Utah history.
“Roy Banks will be a strategic asset to our leadership team in continuing the upward growth trajectory of G2 Web Services. His extensive industry expertise and experience in product development and internet technologies make him a strong addition to the G2 Board of Directors,” said Edward Barton, President of G2 Web Services.
Prior to Accelerated Payment Technologies, Inc., Banks was President of Authorize.Net and was responsible for building the company into the leading provider of global e-commerce payment processing solutions. Prior to joining Authorize.Net, Mr. Banks held a number of engineering and marketing positions with WordPerfect, which was later acquired by Novell and then Corel. Banks has also served on the Electronic Transaction Association Board of Directors. He holds a BS in Marketing from Utah Valley State College.
“G2 Web Services is making a major impact on addressing the risks associated with merchant compliance and fraud. It has a history of identifying emerging merchant risk-related issues and quickly developing innovative solutions to solve them,” said Banks. “I am excited to be a part of the leadership team and to help G2 continue to grow and provide industry-leading merchant compliance and fraud solutions.”
In addition to Banks, the G2 Web Services Board of Directors consists of Jonathan Dick, Managing Director of Primus Capital, Ron Hess, Principal of Primus Capital, and Robert Caldwell, Mark McLane, and Kevin Omiliak, founding partners of G2 Web Services.
About G2 Web Services
G2 Web Services, LLC is a leading global provider of payment risk management solutions, including merchant due diligence, compliance, and fraud protection. G2 helps acquiring banks and payment service providers take on the appropriate level of risk in their merchant portfolios, while protecting against brand damage, illegal activity, and noncompliance assessments. G2 solutions include predicting new merchants’ potential for risk at boarding, monitoring merchants’ websites to ensure compliance with card network regulations and the law, and protecting against merchant fraud, among others.
Since the company’s inception in 2004, G2 Web Services has investigated, analyzed and linked data from millions of merchants, their websites, and their relationships, building the G2 Merchant Map. The G2 Merchant Map is the industry’s most extensive map of global merchant data, offering current and historical merchant relationships, merchant risk history and insight into merchant behaviors that no one else can provide.
The company is headquartered in Seattle, Washington, with offices in London and Shanghai, and hundreds of clients worldwide. For more information, please contact us.